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HomeMy WebLinkAbout0162 3. To ptace and continuousty k>ep on the bui:d~ngs now or herea{ter ~ituale on said land and on aL' equipmem and persona~ly covered by this ma age, w~~h ali premwms d~ereon pa~d fn luil, fire insurance in the ~sual stand~rd po~~cy foim, in a sum aFproved by tha MOR~GAGEE, and winds~o nwrance in the us~al standard pol.cy fonn, in a sum approred by ~he n50RTGAGEE, in such company or compan~es as the hIORiGAGEE m d~rect; a~d a? (i~e and v.~ndstorm insurance. po~~cies o~ any of sa~J build~ngs, any in?aest therein or part thereof, in the aggrega~e sum aforesaid in extess thrreof, sha11 con~oin the usua~ standa~d ~norlgagee dause or such o~her dause as the Merty~gee may req~:re, rr~aking tha loss under sa~d po c~es, each and every, payab!e ro sa~d h10RiGAGEE as ~ts ~ntcrest may appear, and each and every suth pm~c~ shatl be promp~~y ass gned and dei~vered t any helJ by sa~d LlORfGAGEE as fu~~her sec~riry to sa~d n~oriyage debt, and, not less ihart ~en (10) days in aJvance of ihe expiret~on of each policy, to d~ • I~vrr 1o said A10RTGAGFE a renawal ~hereo(, logether wilh a receipt for the premi~m oi such renewa~; a~~d there shall te no i~re or windstorm insurant ~ placed on any of sa d'ou~ld~ngs, any interest there~n or pa~1 thereof, u~~less in the form and with ihe Ioss payable as aforesaid; and in the event any sun ~ of money betomcs poyable ~nde? such policy or policies said MORTGAGEE shall have ~he opt~on to reo:~ve and app!y the same on accovnt o( the indebted ~ n„u sco..~ed har,.•by o~ ~o p^rmit said MORTGAGORS ro reteive and use il or any pz~1 the:eol for o~ii~•r y,w~. osc~s, ~•.a~ho.:t th'~e U1 'NJ1~~ c~ ~~t;p~~~ } ~ng any equ~fy, t~en or ~~ght under w by virfue of this mo:rgagc; and in the evem sa~d MORTGAG02S shatl fa a~y re.~son fail to krep the sa~d premises so ~ i ~nwred, or f~il to deliver prompf(y any of said po~~cies of insurance to sa[d MORTGAGEE, or f~il promptiy ro pay fuL'y any prenu~m therefor or ~n a~y y rrspecT iail to pe~fo~m, ~+scharge, eaec~te, e(fett, tomplete, co:nply with and abide by this covenant, or any par~ hareof, S~~d MGRT''vAGEE may piace a~~d p~y for such insvrance oi any part thereof without waiving or affec?ing any option, lien, equ~ty, or riyht under or by virt~e of th~s Mortgage, and the ~~!I a~uount oi each a~id e~ery such payment shall be immediately due and payable and shatt brar inte~est from Iha da!e thcrrof until paid at the rate ol •,.~~e par crni~m per annum and to~rtLer wuh such interesf shali be sawred by lhe lien o{ this mOrfgage. 4. To permil, commit w suffer no waste, impairment or deterioration of said property or any part the~rof. 5. To pay all and singuiar the costs, charges and expenses, including a rea:onab!e attornry's (ee and costs of abstracts of title, incurred or paid at ~ny u~~.e by sa~d MORTGAGfE, because or in the event of the fa~lure on ~he par~ of the said MORTGAGOR to d~ly, promptly and fu~ly per(wm, d~scharge. ~ cutr, rfiEU, canplete, co~nply wuh a~~d ab:dr by each and every the stipulanons, agreen~ents, condit~ons, and covenants oi said promissory note and this ~.orfg~yr any or e~fhcr, ar:d sa:d costs, charges and expensea, each and every, shall be immediately due and payabte; whether or not there be not~ca d~ ,•.d, otte:»pt to co:lect or wit pend~ng; and tne full amount of each and every such paymeot shall Eear interest from the date thereof umil paid at the e~ ~:~~zc per c~~n;u~n F:~r annun; anC au sa~d cosrs, cnarges and exxnses ~ncurrcd or paid, together w~th such interest, shall be secured by the Iien of th~s mortgage. ~ 6. Tha~ (a! i~ the event of a~y breach of this Mortgage or defautt on tF~ pa:t of the htORTGAGOR, w(b) ~n the event any of sa:d sums of money h•~r•~~n refer.~:d to br r~ot pro~nptty and fully pa~d wi~hin th~rty (30f days next aiter ~he same severa;ly become d~e and payable, without demand or nohce, er (c) in tha event a;ch and ev_ry the stipulations, agreements, cond~tiau and covenants of sa.d promissory note and th~s mortgage any or either a~e not iu'ry, pro~r.pt~y and iutly performed, d:scharged, executed, eifected, completed, compGed with and ab~ded `ay, then in e~ther or any s~ch eveM Ihe smd ag- ~•egate sum mem7oned in s~id promissory note then remaining unpaid, with interest accr~ed, and ail moneys secured hereby, shall beceme due and pay- +b forthwirh, or rhereaficr, at the opt~on of said MORTGAGEE, as fuI{y and completely as if all of the said sums of money were or~g~naUy sripulated c bc pa.d on such d.:y, anything in sa:d prom~ssory note or in ~his Mo~tgage to the contrery notwithStantii~ig; and thereupon w thereafte~ at the op~~on of s:i trORTGAGEE, w~tho~t nonce o~ demand, suit at law or in equlty, there(ore or thereafcer begun, may be prosecuted as if all moneys secured heroby d ma;u~ed pr~or to :!S instii~hon. 7. That in the ev<nt that at the beginning of or at a~y timr pending any su~t upon this Mortgage, a to foreclose it, or ta reform it, or to enforce ;~:rnent of any c~a:~~s he~eunder, said MORTGAGEE sha!! apply to the Cou~t having ~urisd~ction thereof for the appo~ntment of a Receiver, sucF Court shall rhv,ith ap~~c~nt a receiver uf said mortgaged property all and singuiar, includ~ng ail and smgu~a~ the income, profds, issues and reve~ues (rom whatever ;,~ce d~r~:ed. each and every of wh~ch, rt being express!y understood, is ?:ereby morrgaged as if spec~fically set fonh and described in the g~antiry and ~ endu~n c'aus~s her~of, and such Receiver shaU have all the broad and effecr~ve fur.cr,a~:s and pov:ers in anywne entrusted by a Court to a Receiver, and s-~. appc~n'ment shau be made by wch Court as an admitt~~d rqu~ty and a matrer of absolute right to said MORTGAGEE, and withou~ re(erence to the ::av,:cy or in3~?qu3CJ of the value of ihe property mor?ga9ed or to the Savency or ir.so:venty ol sa~d /dORiGACiOR or 1he defendants, and ihat such • •s, pieiits, in-u.ne, issues and revenues shall be appi~ed by such Receiver accord~ng to the tien w equit/ of said MORTGAGEE and the proctice of such I.JVf}. • 8. To d~'y, prompt:y and futiy perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stiputations, agreements, diuo~~s and covenanrs ~n sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged prem;ses, cr any part the~eof, becomes vested in a person other than the MORTGAGOR, the :~2iGAGEE, its successocs and ass~gns, may, wi~hout notice to the MORTGAOR, deal with svch successor or successor in interest with reference to this .~gage and the deut hereby srcured in ihe same manner as with Mortgagor without in any way vitiating or d~scharging the Mortgagors' liabi~ity here- i.,r er ~pun the debr hereby secvred. No sale of tF.e Frem.~ses hcreb/ mortga~ed and no forbearance on the part of the Il~ORTGAGEE or its s~ccessors ass:9ns and no exrension of the tirne for the payment of the debt h~reby secured given by the h10RTGAGEE or its successws or ass~gns, a+~all operate ro re~edse, d~scharge, modify change or affect the original liability of the MORTGAGOR herein, e~ther in whole or in part. 10. It is spec~ficaily agreed that ti~,e is of the essence of this cororact and that no waiver of any obl~gat~on hereunder or of the obl'gatan se- ~.;•_~d hereby shaEi at any time thereafter be he!d to be a waiver of the terms hereof or of the instrumeM secured herby. I t. In :dd f~c:, re rhe foregc'ng month!y oayments of pr~nc pal and inrerest requ~red by the promtsscry nore secured hereb~, mortgagar eovenants ~,,grces ro pay !o ~~:ort~~g•~e ~hnh each m.omh~y pair.;em an add~~ional sum est::nared by mortgagee to be equai to 1;' 12 of the annuai cost of the follow- A-AN r~a~ rrop~_rty t3x._s leviec'. or asses:ed agai•ist the above described real estate. E F. _~:~vms o~ fire and .v;ndstorm insuracce as here~n requ~red to bc canied on the improveme~ts rtuate on the above described premises. C-Pr~•~.:~u~•.s o~~ such mo~t~~;ge guaranty ir.surar.ce as mortgagee shail fro~r t~me to tim~ deem fit to carry on the loan secured hereby. V hlorrgagee shail from t~me to time nuYrfy mortgagor in writ~ng of the amou~t due and payable hereundrr and such surn shaN there~pon be due and ~ .::~!c on fh~- d~e a.~•e oi ~he next month:y payment and each successive month thereafter urdil mortgagee shali notify mortgagor of a change in such ~ ~unt. Such s~:r:s s~:+:i :,e ap~~:~rd by mortgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaraniy insurance E , .:•,i~ms. ~ IY ~'~iTP1E~5 ::H EOF, t said MORTGAGOR has hereunto set his hard and seal the day and year fint aforesaid. n at and liver in the p?esen~e of: ~ ~ - i . ! ~ " ~ ($eal) ~ `'T--~- _ ~ ' _ I.. R1tC (Seal) ~ J (Seap ~ Ro rta Ritc e (Seaq ~-::TE OF FIORIDA ~ St . Luc ie ; .;'.:NTY OF ~ Before me personai{y appeared ~n j+. R itehey and _ Roberta R1tC~1~/ his wife, to me well known and known to me to be ind~viduais descr~bed in and wFw executed the .foregoing instrument, and acknowledged beiore me that they executed the same for the purposes +F=•ein exp~essed. And the said Roberta Ritehev ~`~.~.a t- DOTl L._R 1tCh@y u' a~! ~~arate' anii' ivste of the said _ _ _ " PG~; ~ •~.~•n:narion by me taken separate and apart from her said husband, atknowledged to and befo~e me that she executed said ins)rOmeq~~reely ~qd volutr ~ ~ and wahoct any compuision, constraint, apprehen r~,~or fear of or from her said husband. - ~ Au ust ' \VITNE55 my hand and offec~al seaf this_. - dsy of ~ ~ or~Gc in and' f the State'yf ftwi~a at, largq~' ~ ~ ~ _r z My Gomm~ss~on expir 1 J '~'fj _ ~j • ; ~ F;nt Federal SaRengsn~oloan Association ,~~f'<<++r~ ~ ~f P~.~~ ~ , 235~8,2 ~F Fo~t F;r::e. Ficr~d., ~ • FI~ED dM'? RECORDEO ST. LUCIi C~UNTY F~A. ROCFa ppITRAS ~ CLEaK C::?~~IT COURT This Instrument Prepared By: J. H. Roberts,Jr. RECCK;r YF'? ; 1~p~~~ ~ First Federal Savings 8~ Loan Association ~ of Fort Pierce , Florida 33450 ~ ~O I j 28 !u t~~ Rf7 ~ Cnecked By - ~-;~C~c~-~GZ~ ~~~x ~05 P~~ l62 ~ ~ ~ ~ ~ - - - - - - .a : 9 -c.. ' - ~t ._~~~~Gl"aR~.iY~ _ . - . ~ .